Follow-up Report to EIOPA's Peer Review on Product Oversight and Governance (POG)

The follow-up report shows overall progress in the supervision of POG requirements. Since the 2023 peer review, NCAs have strengthened their supervisory frameworks and advanced the maturity of POG supervision. Progress is particularly visible where authorities have moved from general or formal approaches towards more operational, risk-based and product-focused supervision.

Notable progress has also been achieved in the communication of supervisory expectations to the market and in clarifying how POG requirements should be applied in practice to support more consistent supervisory outcomes. At the same time, the report also finds that progress remains uneven across Member States, particularly in areas requiring changes to internal methodologies, organisational arrangements and resources.